Policies & Procedures Manual - Elizabeth City State University

400.4.1Adopted: 06/14/05ELIZABETH CITY STATE UNIVERSITYComponents of the State Budget1. The state budget has three major parts: The continuation budget, the expansion budget,and the capital improvement budget. The continuation budget generally comprisesapproximately 94 percent of the total budget and provides for the continuing level ofservice of existing programs.The expansion budget provides for expansion of existing programs, new programs, andsalary increases and/or benefits for teachers and state employees. The capital improvementbudget provides for construction, major repairs and maintenance, and land purchases.2. The total budget is comprised of four major sources of funding: the general fund, the highwayfund, federal funds, and special revenue funds.a. The general fund is made up of tax and special revenue funds.b. The highway fund is comprised of revenues from transportation activities.c. The federal funds support Medicaid, Aid to Families with DependentChildren, Elementary and Secondary Education Act, highwayconstruction, Low Income Energy Assistance Block Grant, SocialServices Block Grant, Child Nutrition in Public Schools, and WICNutrition Program.d. Special revenue funds come from the Wildlife Resources Commission,university auxiliary services, motor pools general services, state fair,prison enterprises and regulatory agencies.